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The Atlanta Braves signed an outfielder to a five - year contract. The contract calls for the following cash flows: a signing bonus of $
The Atlanta Braves signed an outfielder to a fiveyear contract. The contract calls for the following cash flows:
a signing bonus of $ million today,
$ million in year
$ million in year
$ million in year
$ million in year and
$ million in year
If the outfielder has a discount rate of per year, what is the value of his contract today in millionsExpress answer in millions. $ would be
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